A loan is to be repaid after a term of 5 years. If the principal amount is at P215,000 and the total amount to be repaid is at P275,000, what was the corresponding interest rate if it compounded quarterly? * O 4.35% O 4.53% 4.76% 4 95%
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- How much interest is deducted in advance from a loan of P18,000.00 for one year and 6 months if the discount rate is 9%. How much is the proceeds after deducting the interest?A loan of £4,000 is to be repaid over 5 years by a level annuity payable monthly in arrears. The amount of the monthly payment is calculated on the basis of an interest rate of 1% per month effective. Find the total capital repaid and interest paid in the first and last month, respectively. Answer: The interest paid in the first month is a) £4000x1.01= £4040 b) £4000x(1-exp(-0.01))=£39.807 c)£4000x0.01= £40 d)£4000x0.12= £480 The repaid capital is a)£0.535 b)£48.9778 c)£49.1771 d)£587.734 In the last month, the interest paid is a)£ 0.00535 b)£0.489778 c) £0.889778 d)0.491771 In the last month, the capital repaid is a)£479.645 b)£431.358 c)£88.088 d)39.8007 They are multiple-choice questionsA loan of $60000 at j4 = 6% is to be repaid over 20 years with semi-annual payments. a) How much principal is repaid as part of the 28th payment? b) What is the outstanding balance of the loan after 34 payments?
- 4. What is the principal of a loan if the final amount is P250,000 at 8% compound interest, compounded semi-annually for 4 years?Using the relation R= 1 - ( 1 + 1)-1), 1-(1+i)-n find the amortization schedule for a loan of GH¢4000 to be paid off in 2 years with quarterly payments. The interest on the loan is 7.5% annual interest compounded quarterly.Find the present value (principal) to pay on a loan if $ 8,923 of future value (amount) is paid at 10% for 150 days. Present Value: P= $
- What is the total interest paid on a loan of $5,000 at APR = 6% for one year.What is the payment for a loan of $320000 with an interest rate of 8.13% compounded monthly for 6 years?What is the maturity value of a $7,500 loan for 16 months at 4.8% compounded monthly? Also. how much interested was charged? Future value: $10.479.74 Interest: $2,979.74 O Future value: $7.994.67 Interest: $494.67 O Future value: $7.979.99 Interest: $479 99 OFuture value: $9.456.88 Interest: $1.956.88 Future value: $11,790.01 Interest: $4.b01
- In an amortization table for a four-year loan of $45,280, given an interest rate of 11%, how much will the principal payment be in the second year if the loan calls for equal payments? Select one: a.$15222.90 O b.$10,448.32 O c.$15,593 d.$10,671.69If a loan of ₱45,000 will amount to ₱76,400 when converted quarterly for 3.25 years what interest rate took effect?Consider a loan of $2.5 million that is paid quarterly over a period of 10 years. Calculate the dollar amount of interest and loan principal repaid corresponding to each payment if the interest rate is 9% per year, compounded quarterly. What is the 5th Quarter Interest and also the 5th Quarter Principal Repayment respectively O a $157,274.15 and $232,276.07 O b. $97,158.12 and $95,032.24 O c. $46,919.62 and $32,752.85 O d. $52,601.74 and $42,841.70
